Accrued and Other Liabilities

9 Months Ended

Sep. 29, 2023

Accrued and Other liabilities in the Consolidated and Condensed Balance Sheets consisted of the following:


	September 29, 2023				December 31, 2022
	Current		Noncurrent		Current		Noncurrent
	(In thousands)
Accrued taxes and deferred tax liabilities	$	51,467	$	171,983	$	49,615	$	161,500
Compensation and related benefits	90,480		54,307		74,794		57,438
Asbestos liability	31,016		194,575		30,108		230,581
Contract liability	29,488		—		25,899		—
Lease liability	20,271		74,700		18,664		76,163
Warranty liability	13,369		—		12,946		—
Third-party commissions	16,561		—		18,315		—
Restructuring liability	4,877		47		7,533		285
Other	50,198		19,649		47,436		19,372
	$	307,727	$	515,261	$	285,310	$	545,339

Accrued Warranty Liability

A summary of the activity in the Company’s warranty liability included in Accrued liabilities in the Company’s Consolidated and Condensed Balance Sheets is as follows:


	Nine Months Ended
	September 29, 2023		September 30, 2022
	(In thousands)
Warranty liability, beginning of period	$	12,946	$	14,954
Accrued warranty expense	4,448		4,367
Changes in estimates related to pre-existing warranties	2,710		2,190
Cost of warranty service work performed	(7,891)		(6,815)
Acquisition-related liability	1,278		—
Foreign exchange translation effect	(122)		(975)
Warranty liability, end of period	$	13,369	$	13,721

Accrued Restructuring Liability

The Company’s restructuring programs include a series of actions to reduce the structural costs of the Company. A summary of the activity in the Company’s restructuring liability included in Accrued liabilities and Other liabilities in the Consolidated and Condensed Balance Sheets is as follows:


	Nine Months Ended September 29, 2023
	Balance at Beginning of Period		Charges		Payments		Foreign Currency Translation		Balance at End of Period
	(In thousands)
Restructuring and other related charges:
Termination benefits(1)	$	4,910	$	7,405	$	(8,122)	$	(97)	$	4,096
Facility closure costs and other(2)	2,908		4,986		(7,321)		255		828
Subtotal	$	7,818	12,391		$	(15,443)	$	158	$	4,924
Non-cash charges(3)			5,351
Total			$	17,742

(1) Includes severance and other termination benefits, including outplacement services.

(2) Includes the cost of relocating associates, relocating equipment, lease termination expense, and other costs in connection with the closure and optimization of facilities and product lines.

(3) Includes impairment of long-lived assets in connection with the closure and optimization of facilities and product lines.